Provincial SOEs

Jinchuan Group

Jinchang, Gansu Province, China/EST. 1959/CopperCobaltPGM

4

Projects

3

Countries

4

Alliances

3

ESG Flags

HEADQUARTERSJinchang, Gansu Province, China
ESTABLISHED1959
OVERSIGHTGansu Provincial SASAC
MINERALS
COPPERCOBALTPGM

Provincial SOE based in Gansu Province, China's 'Nickel Giant'. Powerhouse in nickel and cobalt production with roots in technical metallurgy.

~60% owned by Gansu Provincial GovernmentChina Development Bank is major shareholderCaD Fund cooperation agreement (2025)

Leadership Structure

Party Secretary and Chairman (2022)

Ruan Ying

Ruan Ying

Party Secretary and Chairman (2022)

Senior Executives

Cheng Dongquan

Cheng Dongquan

General Manager & Deputy Party Secretary of the CPC Jinchuan Group Committee

Wang Yujun

Wang Yujun

Deputy secretary of the CPC Jinchuan Group Committee, and trade union chairman

Sun Long

Sun Long

Secretary of the CPC Jinchuan Group Commission for Discipline Inspection

Sun Zhizhong

Sun Zhizhong

Deputy General Manager

Li Zhen

Li Zhen

Deputy General Manager, CPC Standing Committee

Cai Juan

Cai Juan

Director of Finance Department

Cheng Yonghong

Cheng Yonghong

Director of overseas business

Mining Operations

2DRC1Zambia1South Africa

DRC

2 OPERATIONS

Kinsenda Mine

Katanga

2011

High-grade underground copper mine, one of highest-grade copper deposits in Africa. Research on in-situ leaching to extract remaining high-grade copper.

Copper1 PARTNER

Ruashi Mine

Katanga/Lubumbashi

2011

Open-pit mine with SX-EW processing producing cobalt hydroxide and copper cathodes. Output over 17,000 tonnes cobalt/year. Acquired via Metorex (2011).

CobaltCopper1 PARTNER

Zambia

1 OPERATION

Chibuluma South Mine

Copperbelt

2011

Underground copper mine (85% Metorex, 15% ZCCM-IH). One of Zambia's most efficient operations.

Copper1 PARTNER

South Africa

1 OPERATION

Wesizwe Platinum (Bakubung)

North West Province

$650M

Rescued with $650M loan from China Development Bank. ~45% controlling stake via China-Africa Jinchuan Investment. Critical for securing PGMs for China.

PGM1 PARTNER

ESG Profile

High
2
Medium
1
HighEnvironmental2023

Congolese NGOs filed complaint against Ruashi Mining for environmental violations.

Ruashi Mining, a subsidiary of Chinese multinational Jinchuan Group, has operated a copper and cobalt mine in Ruashi, Lubumbashi since 2004. Studies conducted by NGOs PremiCongo, AFREWATCH, and ACIDH documented severe pollution of the Ruashi and Luano rivers, which serve as primary water sources for communities in Luano, Kalukuluku, and Kawama. Water and sediment tests confirmed acidic conditions and heavy metal contamination. Reported health impacts include widespread skin conditions and children's health issues attributed to water quality and mine dust — a local teacher estimated 60% of children in the area were affected. Fish populations have collapsed due to chemical pollution. On 4 November 2022, the three NGOs formally filed a complaint against Ruashi Mining with China's Chamber of Commerce of Metals, Minerals and Chemicals (CCCMC), citing violations of the DRC Mining Code and CCCMC responsible sourcing guidelines. Ruashi Mining declined to respond to pollution allegations and has refused to disclose its Environmental Impact Assessment or Environmental Management Plan. A subsequent report by Mind the Gap detailed strategies used by the company to avoid accountability.

LOC: DRCSource ↗
HighEnvironmental2022

Fish deaths and soil degradation near Ruashi Mining site; company accused of 'never being environmentally friendly'

Environmental damage around Ruashi Mining's copper and cobalt operations in Lubumbashi has been documented across water, soil, and air. Fishing has completely ceased in the Ruashi River due to fish deaths caused by chemical pollution from mine effluent. Agricultural soil in surrounding areas has become progressively infertile, with crops regularly destroyed by tailings pond overflow, making farming impossible in affected zones. Residents report congenital diseases and structural damage to homes from mine explosions. Scientific studies confirm elevated heavy metal contamination in soil, water, and food crops. Ruashi Mining's 2006 and 2018 Environmental Revisions were found to be only partially compliant with ESIA guidelines. Christian Bwenda, Director of environmental NGO PremiCongo, stated publicly that "Ruashi Mining has never been environmentally friendly." The company has also refused to disclose its Environmental Impact Assessment or Environmental Management Plan to affected communities or civil society.

LOC: DRCSource ↗
MediumHuman Rights2021

Jinchuan Group faces pressure to audit cobalt supply chain for artisanal sourcing amid transparency gaps

As one of the world's largest cobalt miners and refiners — controlling, alongside peers, over 60% of global cobalt output — Jinchuan Group faces growing scrutiny over the traceability of artisanal cobalt entering its refining supply chain. Artisanal and small-scale mining (ASM) accounts for an estimated 15–25% of DRC cobalt production, with documented risks of child labor and unsafe conditions. A 2022 World Benchmarking Alliance Nature Benchmark ranked Jinchuan 76 out of 97 among global metals and mining peers for transparency, noting "clear potential for increased performance." Industry-wide assessments found that 42 out of the cobalt refiners assessed showed significant gaps in due diligence on child labor, with only 6 acknowledging related policies. Downstream users — including major EV battery manufacturers and consumer electronics companies such as Apple, Samsung, and Panasonic — have increasingly demanded supply chain audits and OECD-aligned due diligence from refiners, including compliance with the Responsible Minerals Initiative (RMI)/Responsible Cobalt Initiative (RCI) Cobalt Refiner Due Diligence Standard. Jinchuan's DRC operations through Ruashi Mining sit in the same artisanal cobalt ecosystem, heightening this exposure.

LOC: DRCSource ↗

Improvements

Pledged improved waste management
Source ↗
Built clinics and schools in host communities
Source ↗

Strategic Alliances

High

China Development Bank (CDB)

Foundational partnership - CDB is both lender and shareholder. Provides $650M for Wesizwe Platinum. Aligns Jinchuan's expansion with national financial policy.

Policy Bank & Shareholder
High

Gécamines (DRC)

Ruashi Mining JV (75% Metorex, 25% Gécamines). Kinsenda mine ~20% Gécamines stake.

Local State Miner
Medium

BEE Partners (South Africa)

Works with Black Economic Empowerment consortia to comply with Mining Charter, though retains management control.

Local Empowerment
Medium

China-Africa Development Fund (CADFund)

2025 MoU to co-finance new mining projects in Africa.

State Investment Fund